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Nurhan's Group
In this Group: Nurhan , Rustam, Urunsa , Abdikarim
Nurhan E. is the treasurer of this group. She is 42 and married to the entrepreneur. She has two daughters and a son. All the children study at school. Nurhan earns money by selling air tickets. The family also breeds livestock to make additional money. They started to breed livestock five years ago with the initial investment of 15,000 soms. In this way, they earn an additional 2,000 soms per month. That money made it possible for them to make house repairs. With the money received from the loan, Nurhan wants to purchase two sheep, in order to resell them at a higher price after fattening them. In the future, she wants to expand her business and provide her children a good education.


--- Where Did This Loan Come From? ---


This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious, and socially focused microfinance institution in Kyrgyzstan. MBF is strongly committed to the principles of sustainable development and upholds the triple bottom line—People (building human capital and taking care of customers as well as society), Planet (keeping environmentally friendly), and Profit (earning revenue to expand autonomously). MBF is the only microfinance institute in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about MBF and view a video presentation about the organization, please visit: http://www.kiva.org/about/aboutPartner?id=135


If you would like to support and learn more about Kyrgyzstan and microfinance in Central Asia, please join our Lending Team—Supporters of Kyrgyzstan - Mol Bulak Finance—at: http://kiva.org/team/kyrgyzstanat http://kiva.org/team/kyrgyzstan. Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the MBF staff.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 167
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,494,100
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nurhan's Group's $1,075 loan helped a member to purchase sheep.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2011
Listed
Feb 4, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012